Americans love to travel. When I ask my clients what they want more of in their life now and later, the most common answer includes “I want to travel more.” And, many tell me that their travel spending is a non-negotiable expense. This wanderlust grows after retirement as the time constraint that existed while working is gone.
Travel Isn’t Cheap and Priorities Change
But travel isn’t cheap and is something that needs to be planned for especially when the paychecks stop. It doesn’t help that after a certain age, traveling on a budget is not as appealing. We want to enjoy some luxury while on the road, or at the minimum a home-like experience. This means that besides the basics: a clean room, good lighting, and reliable hot running water, we want crisp white sheets, a firm mattress, a fluffy bathrobe, and high-quality toiletries.
Another shift happens as one gets older, the job of planning every detail of a trip – from hotels to meals to excursions gets less appealing, and opting for a group tour (even with the risk of traveling with strangers) becomes more attractive. This type of travel can come at an extra cost.
How sad it would be if a person who loves to travel reaches retirement and realizes that they can’t afford to go to all the places on their bucket list!
So, if you are a person that is continuously daydreaming about where you want to go next, and your bucket list never gets shorter, there is only one answer: make saving for travel a priority.
If you need some help in creating a budget that aligns with the things you most value (like travel), please download a free copy of The Happiness Spreadsheet: How To Create A Life Aligned With Your Values, Beliefs, and Ideals. I think you will find it helpful. Happy traveling!